Sources: OpenAI has held early conversations with investors about raising another private funding round at a $1.2T valuation before its planned IPO (Financial Times)

OpenAI has reportedly engaged in preliminary discussions with investors regarding a new private funding round, aiming for a valuation of $1.2T. These conversations are taking place ahead of the company's anticipated initial public offering (IPO). The move suggests OpenAI is looking to capitalize on the strong demand for its technology, especially following recent model launches, as it seeks to secure additional capital before going public.